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Bosch Ltd second quarter profit rises 21.17 percent

Mumbai, Oct 26 (Calcutta Tube) Leading automotive and industrial technology provider Bosch’s Indian subsidiary Tuesday reported an increase of 21.17 percent in its net profit for the second quarter of the current fiscal, which stood at Rs.236.07 crore.

‘The company has posted a net profit of Rs.2,360.70 million for the quarter ended Sep 30, 2010, as compared to Rs.1,948.10 million for the quarter ended September 30, 2009,’ Bosch Ltd said in a statement to Bombay Stock Exchange (BSE).

The total income of the company increased by 28.96 percent to reach Rs. 1729.72 crore, compared to Rs.1,341.19 crore for the quarter ended Sep 30, 2009, the statement said.

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